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Unit information: Macroeconomic Theory and Policy in 2025/26

Please note: Programme and unit information may change as the relevant academic field develops. We may also make changes to the structure of programmes and assessments to improve the student experience.

Unit name Macroeconomic Theory and Policy
Unit code ECON30077
Credit points 20
Level of study H/6
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Mr. Morchio
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

EFIM20034 / ECON20003 Intermediate Macroeconomics AND
EFIM20011 / ECON20004 Econometrics 1
OR
EFIM20037 Macroeconomic Analysis AND
EFIM20010 Applied Quantitative Research Methods

Units you must take alongside this one (co-requisite units)

None

Units you may not take alongside this one

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Unit Information

The broad aims of this unit are to extend studentsÂ’ knowledge of macroeconomic theory beyond the second year level, and to explore the implications for current macroeconomic issues - and government policy to deal with them - of recent developments in macroeconomic theory.

The topics covered change each year but they are generally a mixture of new topics and extensions of topics introduced in the first and second years.

Arguments will be explained in lectures using mainly diagrams; the lecturers will supply additional material, including any more technical material, in handouts.

These lecturers' handouts provide the core reading - 'the textbook' - for each topic in the unit. Other readings will include mathematical and non-mathematical alternatives.

Your learning on this unit

  • Increase the depth and breadth of student understanding of macroeconomic theory
  • Increase student knowledge of current macroeconomic events
  • Increase student ability to use macroeconomic theory to understand and analyse current macroeconomic events

How you will learn

Teaching will be delivered through a combination of large and small group classes, supported by online resources.

Tasks which help you learn and prepare you for summative tasks (formative):

Problem sets, to be reviewed every two to three weeks

How you will be assessed

Tasks which count towards your unit mark (summative):

Exam (2.5 hours) (100%) Assesses all learning outcomes.

When assessment does not go to plan

Normally, there are no opportunities for reassessment in final year units. Where students are taking this as a non final-year unit, as part of an MSci, reassessment will be through a 2.5 hour exam.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ECON30077).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the University Workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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